Bush On The Air: Trade With Latin America
October 13, 2007, 1:08pm
Job creation and exports growth are going strong in the U.S. economy and new trade deals will make things even better, President Bush said today in an appeal for implementation of pending deals with the Latin American countries of Colombia, Panama and Peru.
“These three agreements will expand America’s access to 75 million customers,” Bush said in his weekly radio address. “These 75 million customers are the equivalent of the populations of California, Colorado, Ohio, Michigan, Tennessee, and Massachusetts combined.”
Here are the benefits that he said each deal offer the United States:
- Colombia: “The free trade agreement with Colombia would immediately eliminate tariffs on more than 80 percent of American industrial and consumer exports. It would provide significant new duty-free access for American crops.”
- Panama: “This agreement will immediately eliminate tariffs on 88 percent of our industrial and consumer goods exports to Panama. It will increase access for American farmers and ranchers. And it will open opportunities for American businesses to participate in the multi-billion dollar project to expand the Panama Canal. “
- Peru: “The free trade agreement would immediately eliminate most of Peru’s industrial tariffs, as well as many of its barriers to U.S. agriculture exports.”
Categories: Producer's Picks, Agriculture, Weekly Radio Address, Trade
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